Disciplined Trading Strategies Paul Lange

A self-fulfilling prophecy is a prediction that comes true because someone believes or expects it to come true. This concept is very alive and well in trading. I actually refer to it quite often and it’s not always in a negative way. It has its place in certain situations, although it has a very “soft” use. It sort of gets into the concept of subjective versus objective. A few Podcasts back I talked about the difference between subjective and objective when it comes to trading in general, but this is specifically regarding what we look at for price action. This is more of a technical discussion in case you’re not all that in tune yet with technical analysis.


Here are the charts to follow:


Chart 1:
https://drive.google.com/file/d/1uCNXj_baAaRYM_NY_zkbBsK_rhR0iMMS/view?usp=drive_link


Chart 2:
https://drive.google.com/file/d/1dxleeVAhUFEzRez9h_CiQzqQaBUOfQJS/view?usp=drive_link


Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/

This podcast is about the difference between being “long” stock positions and being “short” stock positions. It’s going to come to you at several different levels. I find a lot of new traders don’t even understand or are not even familiar with the concept of being “short”. I want to explain what it is and discuss two unbelievable myths about “short selling”. I also want to explain why it needs to be a part of your arsenal no matter what time frame you trade. I also want to discuss the advantages of shorting over being long when everything else is equal.


Here are the charts to follow:


Chart 1:
https://drive.google.com/file/d/1BnDac7f33YJ_-eDtO4cB9IldFYeQImmd/view?usp=sharing


Chart 2:
https://drive.google.com/file/d/1Isl2ifmoIuZhnbZrDeAGx8o-GcOGMtzj/view?usp=sharing


Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/

Okay, this may be a little bit of a boring topic for a podcast. At least to the average person. However, as I have mentioned in some prior podcasts, oftentimes these boring topics are the most important when it comes down to the final strokes of making a good living in the market. I also have to continue to remind myself that while some of these topics seem obvious and boring, to many new traders they are completely new and a lack of understanding of some of these concepts will make it impossible to make money consistently. This will start off defining exactly what we mean by “the risk unit”, and then discuss how it permeates through all of your trading.


Here's a link to learn more:
https://disciplinedtradingstrategies.com/publicdownloads/The%20R%20Unit.pdf


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/

Lack of patience is probably one of the greatest trader-killers out there. If that grabs your attention, it should. In my experience, when a trader starts to develop technical skill and starts to potentially become profitable, it is the lack of patience that ends their career. Lack of patience is related closely to FOMO and they are both concepts that you need to handle if you truly want to be a disciplined trader. Without discipline you will lose. Understand that first you need the technical skill, but oftentimes traders with the technical skill don’t have the discipline to do what they know (or should know) they are supposed to do.


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/

Don’t let the title fool you, this has great information. If you are going to learn how to trade, there are many pitfalls. There are enough natural pitfalls out there, like the fact that trading is counter-intuitive. But there are ‘man-made’ pitfalls as well. Most everything you view, read, or hear will be incorrect. Some through ignorance, some through design.


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/

• This is important enough for its own podcast.
• Formal definition – from two different sources. 
• Simple definition.
• What is NOT a technical Indicator.
• Cool kids.
• What you can use them for.
• What you cannot use them for
• The dangers are huge. They END careers. 


Here are the charts to follow along:


Chart 1:
https://drive.google.com/file/d/1t9bvK0UtBc3oQFklHiA32o66jlCBs5xv/view?usp=drive_link


Chart 2:
https://drive.google.com/file/d/1_hqnxUqN9hcUcT-ZYYBGYJld4Zjp51k9/view?usp=drive_link


Chart 3:
https://drive.google.com/file/d/1WtuLh_cIENP72Rr6a9-LM_uwAvsb_vE2/view?usp=drive_link


Set up a free coaching session with Paul:
https://calendly.com/dts-paul/coaching-session-w-paul


The DTS Free Stuff Page:
https://disciplinedtradingstrategies.com/free-stuff/


To learn more, visit:
http://disciplinedtradingstrategies.com


Listen to more episodes on Mission Matters:
https://missionmatters.com/author/paul-lange/